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Risk management is priority #1. Forget about trying to make the big bucks. Just try to make good trades. As soon as you get in a trade, set a physical stop, not a mental stop. Trade small, and study, study, study. If you control the downside long enough, there will eventually be some upside...

At what point will AIG finally come right out and say that it's being used as a front for the "boys" at treasury to continue giving billions to their "buddies" at the big banks? AIG could have filed for BK protection, kept the majority of it's businesses operating, and let all the derivative...

That Ken Lewis is a slick sob. Getting his guy to right down Merrill's books like that was shrewd. Made the numbers so bad that it would appear BofA was getting a raw deal, so he could squeeze another 20bil from the taxpayers. If there's any justice in this world, all of the greedy bastards...

Yeah, kinda of a coincidence how the rules changed at the top. Wonder who was behind those changes ? With the uptick in place, could the hedge funds circumvent the rule and still kill the bid ?

"While manipulation is nasty, wouldn't BSC have failed without all this naked short selling?" That's like saying we're all gonna die, so it's ok for somebody to shoot you today. Total bullshit. There's no mistaking that BSC, LEH, AIG, etc, etc all fucked up, got greedy beyond...

A wave of mutilation??? WTF ??? I can see things getting pretty bad, but thats a total waste of explosives when he coulda just jumped off the cliff !!!

Cramer who ? what show ????? hehehe

I agree, it's all a diversion to get the focus off the real issue. The fact that we the taxpayers are being forced to cover the losses of all the counterparties that purchased insurance from AIG is the REAL issue. I have heard very little on the news about the fact that GS, HSBC,DB,BAC all have...

What is the max number of idiots you can put on ignore? This is getting ridiculous, and I don't need to explain.

Gee thanks dude, as if the outlook wasn't bad enough already. Now you bring up a well thought out, concise explanation of our past, present, and probable future. The future seems dimmer by the day. Remember the song "The future's so bright, I gotta wear shades"? Modern version is something...

I think we all do, or should. The longer a trade doesn't perform, the more likely its not gonna do what you anticipated because the underlying conditons have changed. For some it may be 5 minutes, others 15,30 or an hour. Really depends on your style of trading. For me, if I don't feel...

Reluctantly, I have to agree with you. Bush was able to clearly distinguish himself as one of if not THE worst prez of all time. The fact that Obama will likely drop Bush a notch on the list is a sad commentary for this country. There seems to be no end to the controlling interests of ANY...

It's what I refer to as a frustration trade. You missed the initial long entry, so rather than be patient and buy the pullback, you try to pick the top, going short. The chart isnt too clear,so can't make out the MA's, but stochastics had clearly crossed up, with good separation. Definitely not...

sounds like he was short, with a profit tgt of maybe 25 pips, but gapped 50. So IBFX filled his order at profit tgt of 25 rather than crediting the whole 50 pip gap. Just reading between the lines. But you can bet your ass if he was long, with a 25 pip stop, they would have filled it at the 50 gap.

Yea, avoiding IRS red flags is definitely a plus. My thinking with them is , if you get audited, they WILL find something, somewhere. Heck, I didn't even do my own weekly payroll deductions, tax deposits, etc. I just faxed or emailed the figures to accountant, and his staff would get me the...

Hey traders, I was wondering if and how many people actually trade as an LLC ? I've been self-employed for 12 years, with my company set up as an LLC. Trading is a secondary deal right now, but as far as tax purposes go, would it be worthwhile to incorporate my trading? No, I haven't spoken to...

Ok, bad breath aside, here goes.... Are you crazy??? If you're gonna swing an ETF, I wouldn't recommend an Ultra. Keep it base. News kills ! Have you seen how news moves the mkts? You can have the perfect entry, both by technicals and fundamentals, and still got stomped by some BS news. If...

These guys have it right. Take a few weeks off, back up and analyze what you're doing. Spend more time studying charts, see if there's something you're missing. Do the paper trading for a month, but make it realistic, with stops and everything. Look around you, see what other traders are doing...

As for a scan, you gotta do that work yourself. Learn the stocks in each sector, find the sectors that were crushed, and you'll find what you're looking for. Coal (KOL), Oil Services (OIH), Energy(XLE), and most ag stocks, MON,POT,AGU, etc....they all got killed when oil rolled over. Most have...

It may be a case of trader capitulation. It has always been said that you can't have a market rally without the banks. As BAC and C have gotten so cheap, their relevance on the market averages has been greatly diminished. BK in the works? nah, but equity probably won't be worth the paper that...